ISLAMABAD: At a time when international prices of crude oil have been struggling for the last many months, the federal government has announced to increase the prices of petrol and high-speed diesel (HSD) up to Rs5 per litre ahead of Eid-ul-Azha on Friday.
The notification for the new prices read that the rate of petrol was increased up to Rs3.86 per litre and Rs5 per litre for high-speed diesel. The new price of petrol would be Rs103.97 per litre and Rs106.46 for HSD, whereas an increase of Rs5.97 per litre is announced on kerosene oil, taking its price to Rs65.29.
Moreover, Rs6.62 is hiked on light diesel and its new price will be Rs62.86 per litre. The new rates will be taken into effect from Saturday midnight.
Meanwhile, crude oil prices in the international market decreased on Friday. At 1630 GMT on Friday, West Texas Intermediate was trading at $39.75 a barrel with a decrease of $0.18 (-3.64 percent)
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